Required information E2-12 Analyzing the Effects of Transactions Using T-Accounts: Preparing and Interpreting & Balance Sheet [LO 2-2, LO 2-3, LO 2-4) The following information applies to the questions displayed below Laser Delivery Services, Inc. (LDS), was incorporated January 1. The following transactions occurred during the year PO a Received $40,000 cash from the company's founders in exchange for common stock Purchased land for $12.000, signing a two year notesnore interest c. Bought two used delivery trucks at the start of the year at a cost of $10.000 each paid $2.000 cash and signedete due in three years for $18,000 ignore interest d. Paid $2.000 cash to a truck repair shop for a new motor, which increased the cost of one of the trucks e Stockholder Jonah Lee paid $300,000 cash for a house for his personal use E2-12 Part 4 4. Prepare a classified balance sheet for LDS December 31, Include Retained Emines on the balance sheet account has a zero balance mugh the LASER DELIVERY SERVICES, INCT Balance Sheet